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## JOHN KERR’S TRUST FOR ST GEORGE’S NORTH CHURCH, GREENOCK (Charity No §C001423)
Report of the Trustees
;
_ Receipts and Payments Account SE For the year ended 31st August 2025
HENDERSON & COMPANY
> 73 Union Street Greenock PAL6 8BG
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## JOHN KERR’S TRUST FOR ST GEORGE’S NORTH CHURCH, GREENOCK (Charity No SC001423) c/o Rev K Harbison, MA, BD, 50 Ardgowan Street, Greenock REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025
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|This|Charitable|Trust was|set up|by|the|late Mr John|Kerr by|a Trust Deed|dated|8th November|1963.|
|The purpose of the trust|is|to spread the gospel of Jesus|Christ and the Trust Fund has to be|held|irrevocably|for behoof of St George’s|
|North|Church,|Greenock,|and|the|income paid|to|the|Kirk|Session|to be|utilised|at the|discretion|of the|Session|for the|carrying|out of|
|the purpose of|the trust within|the parochial area of Westburn Church, which includes the former St George’s North|Church and|within|
|the 7th Greenock Company|of|the Boys’|Brigade|or such|other Company as may|from time to time|be|associated|with|said|Church.|
|The|trustees|who|are|entitled|to|be|appointed|in|terms|of the|Trust Deed|include|the|Captain|for the|time|being of the|7th|Greenock|
|Company|of the|Boys’|Brigade,|the minister|for the time|being|of St George’s North|Church,|Greenock|and the|Session|Clerk|for the|
|time being|of St George’s|North|Church,|Greenock,|and,|as the|original number|of trustees|was|five, some|of the|trustees|continue|in|
|office|after|demitting|one|or other of these nominated|appointments|if invited by|the remaining|trustees|to do|so.|
|-|On|29th November 2006|the|Presbytery|of Greenock|and|Paisley|conducted|a service|of union|between|Greenock|St George’s|North|
|and Greenock|St Luke’s to|form the new|charge|of Greenock|Westburn,|Church|of Scotland.|The|solicitor of the Church of Scotland|
|confirmed|that,|since|the|original|St|George’s|Congregation|has|never|been|dissolved|but|continues|to|subsist|within|the|united|_|
|Congregation,|the|Minister|and|Session|Clerk|of the|Westburn|Congregation|are|ex|officio|Trustees|of the|Trust|and|the|trust|fund|
|continues to be held for the benefit of the Congregation which|is now known as Greenock Westburn|Church of Scotland.|ee|
|The present trustees|are:|ae|TS|Oo|
|The Rev Karen Harbison MA BD, Mr William Dempster, Mr Craig Lindsay, Miss Elizabeth|Irvine and Mr Alan|Gallacher.|
|~|Over the years,|the trustees and the Kirk Session have used the funds of|the trust only where the Church and the 7th Greenock Company|
|of the|Boys’|Brigade|needed|assistance,|which|resulted|in a balance of Revenue|being|accumulated.|In 2016|a|transfer|to|Capital|of|
|£60,000|and|the use of|the funds|for various other|activities|has reduced the balance of Revenue.|
|£|£|
|The|income of|the|trust for the year ended 31st August 2025|amounted|to|11,497.87|
|Payments|out of Revenue|during|the year were:|
|:|Stockbrokers Management Charges|922.9]|
|Henderson & Company — Accountancy|Fees|1,410.00|
|Independent Examiner’s Fee|180.00|
|Westburn|Parish Church|4,600.00|
|Ardgowan|Primary|School:|Educational|Visits Fund|400.00|
|Westburn|Parish|Church:|Big Fun|Family|Saturdays|500.00|
|Vhutshilo|Mountain|School,|Venda|1,000.00|
|Friends 4|Ever|$00.00|
|Inverclyde Christian|Initiative:|Inverclyde|Street Pastors|500.00|
|Mind Mosaic Child & Family|Therapies|500.00|
|Crossreach:|Carraig View|500.00|11,012.91|
|Leaving a balance|of Revenue of|484.96|
|Adding the balance of Revenue|brought forward|8,683.48|
|,|The balance|of Revenue carried forward|is|9,168.44|
|£|
|The|capital|of|the|trust|at the beginning of|the year was|263,938.04|
|Less|Cash|Fraction|Received|re|Merger|10.22|
|The|Capital of the trust|at 31st August 2025|is|263,927.82|
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The total funds of the trust, with the investments valued at cost, therefore consists of Revenue of £9,168.44 and Capital of£263,927.82 a total of £273,096.26. If the investments are valued at market value on 31st August 2025, the total funds amount to £400,821 as shown on the Statement of Balances attached to these accounts. Signed on behalf of all of the charity trustees and approved by them on 23rd February 2026.
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## REV K HARBISON Trustee Koren € ise
## JOHN KERR’S TRUST FOR ST GEORGE’S NORTH CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 FOR YEAR ENDED 31ST AUGUST 2025 YEAR ENDED 31ST AUGUST 2025 ENDED 31ST AUGUST 2025 31ST AUGUST 2025 AUGUST 2025 2025
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|RECEIPTS AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 FOR YEAR ENDED 31ST AUGUST 2025 YEAR ENDED 31ST AUGUST 2025 ENDED 31ST AUGUST 2025 31ST AUGUST 2025 AUGUST 2025 2025|:|
|2024|Receipts|2024|Payments|:|
|£|£|£|£|:|
|11,272|Dividends|and|Interest|Received|11,096.84|940|Stockbrokers|Management Charges|922.91|||
|20|Bank|Interest|390.81|1,320|Henderson & Co.|-|Accountancy|Fees|1,410.00|||
|18,270|Proceeds of Sale of Investments|-|180|Independent|Examiner’s|Fee|180.00|||
|-|Cash|Fraction Received|10.22|1,464|Purchase|of Investments|-|||
|29,562|Total|Receipts|11,497.87|4,600|Donation|to Westburn Parish Church|4,600.00|||
|1,000|Clydeview Chaplaincy Team|-|||
|Ardgowan|Primary|School:|Educational|:|
|400|Visits|Fund|400.00|
|500|Inverclyde|Foodbank|-|
|Westburn|Parish|Church:|Big Fun|Family|-|||
|200|Saturdays|(Christmas|Gifts)|-|
|Westburn|Parish|Church:|Big Fun|Family|
|100|Saturdays|'|500.00|||
|500|Ardgowan|Hospice: Butterfly|Project|-|
|500|Barnardo’s|-|
|500|Children|in Poverty|Inverclyde|-|
|500|Crossreach|Waterfront Campus|-|
|-|Vhutshilo|Mountain|School,|Venda|1,000.00|
|-|Friends4Ever|500,00|
|Inverclyde|Christian|Initiative:|
|-|Inverclyde|Street|Pastors|500.00|
|-|Mind Mosaic|Child & Family|Therapies|500.00|
|-|Crossroads:|Carraig|View|500.00|
|12,704|Total Payments|11,012.91|
|16,858|Excess of|Income over Expenditure|484.96|
|11,497.87|29,562|11,497.87|
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## 29,562
## CHANGE TO SHAREHOLDING
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|---|---|---|---|---|---|---|---|
|Cost|of|
|Shares|
|£|
|Held:|Witan|Investment|Trust plc 6250|Ordinary|Shares|of Sp|12,423.68|
|09.10.24|Merger with|Alliance|Trust ple|
|Cash|Fraction Received|(10.22)|
|New Holding|following|Merger:|Alliance Witan plc —|1,403|Ordinary|Shares of 2.5p|12,413.46|
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## JOHN KERR’S TRUST FOR ST GEORGE’S NORTH CHURCH STATEMENT OF BALANCES FOR YEAR ENDED 31ST AUGUST 2025
|||||2024|||Cash in Bank||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||15,374||||As at beginningofyear
32,231.97
Excess of Expenditure over Income per Receipts and||||||
||||-
16,858
32,232||32,232||Payments Account
-
Excess of Income over Expenditure per Receipts and
PaymentsAccount
484.96
Asatend ofyear|32,716.93||32,717|||
||||Cost
£||Market
Value
£||Investments Held|Cost
&||Market
Value
£|||
|,|;|1|5,100
647
4,729
7,782
1,059
6,848
34
6,864
17,606
2,495
61
4,491
23,879
996
4,756
6,541
8,996
4,134
51
13,695
5,406
13,299
4,476
8,066
1,326
6,322
3,063
10,029
249
6,650
2,101
4,008
428
8,395
2,771
4,946
8,241
8,009
12,424
1,424
3,132
4,861
240,390
272,622||2,293
1,476
5,162
9,686
7,300
18,135
2,170
2,704
16,834
9,596
15,657
6,297
36,196
1,815
11,727
4,994
9,235
16,784
804
12,953
10,046
1,453
9,158
10,170
2,869
4,366
14,136
9,090
669
7,401
9,384
5,701
437
14,850
7,359
2,575
2,233
8,531
16,656
1,164
14,620
1,992
346,698
378,930||.|AberdeenGrouppic - 1,531 Ordinary Shares
AlconAG -20CHF.0.04 Shares
Barr(AG)plc—775 OrdinaryShares
BHPGroup Ltd -.465 Ordinary Shares
BPplc - 1,700Ordinary Shares
BrunnerInvestmentTrustplc ~ 1,300 Ordinary Shares
BurberryGroup ple -325Ordinary Shares
Centricaple -2,100 Ordinary Shares
Columbia Threadneedle Investment Funds (UK) ICVC
- 18,603
SterlingLIncome Shares =:
0
CompassGroupple - 400Ordinary Shares
Experian plc -425 Ordinary Shares
GSKplc-380 Ordinary Sharesof31 1/4p
GrowthFund -ChurchofScotlandInvestorsTrust - 5,810 Units
Haleonple—475 OrdinarySharesofIp
Halmaple -450 Ordinary Shares
HendersonFarEastIncomeLtd -2,200 OrdinaryShares
HICL InfrastructureCo Ltd -7,318 OrdinaryShares
JPMorgan Global&Incomeple - 3,035 OrdinarySharesof5p
M&Gple -375 Ordinary Shares
,
M&GInvestmentManagement- 13,264.9540 Optimal IncomePP
Nationa! Grid ple— 1,006 Ordinary Shares
NatWestGroupple -421 Ordinary Sharesof£1.0769
NovartisAG - 100CHF0.50 Shares
MurrayIncomeTrustple - 1,161 OrdinaryShares
Prudential plc -440 Ordinary Shares
ReckittBenckiserGroupplc - 100 Ordinary Shares
RELXplc -400Ordinary Shares
RoyalLondon UnitTrustManagers -9,000 Ethical BondZ Inc. Shares
SandozGroupAG—20CHF0.05 Shares
SchindlerHoldingsAG - 35CHF0.10Shares
Shell plc -350Ordinary SharesofEUR0.07
SiemensAG -40 Shares
Siemens EnergyAG -20Shares
Temple BarInvestmentTrustplc- 5,500Ordinary Shares ofSp
Unileverplc - 150 Ordinary Shares
Victrex ple -250Ordinary Shares
VodafoneGroupple -3,000 OrdinaryShares
WaystoneFund Services(UK)—6,500 Trojan X Inc Shares
Alliance Witan ple - 1,403 Ordinary Shares of 2.5p (previously Witan
Investment Trust ple -6,250 Ordinary Sharesof5p)
WoodsideEnergyGroupLtd -84SharesNPV
WorldwideHealthcare Trustplc—4,000 OrdinarySharesof2.5p
WPPpic -275Ordinary Shares|5,100.00
646.83
4,728.56
7,782.00
1,058.74
6,848.10
34.16
6,864.09
17,606.08
2,494.82
61.20
4,491.21
23,879.10
996.00
4,756.28
6,540.56
8,996.08
4,133.65
50.65
13,695.42
5,405.72
13,299.29
4,476.15
8,066.29
1,326.21
6,321.57
3,062.88
10,029.23
248.85
6,649.69
2,100.81
4,008.21
428.09
8,394.62
2,770.67
4,945.78
8,241.47
8,009.26
12,413.46
1,423.97
3,132.19
4,861.39
240,379.33
273,096.26|.|2,981
1,179
5,286
9,593
7,346
18,642
4,171
3,380.
we
16,723.
10,048
16,286
5,520
38,346
1,724
14,796
5,082
8,767
17,117
994
12,783
10,472
2,150
9,370
10,356
4,350
5,530
13,784
9,162
929
9,635
9,534
8,253
1,565
18,755
6,978
1,785
2,651
9,021
17,650
1,075
13,260
1,075
368,104
400,821|.||**.**.|
_ Signed on behalf of all the charity trustees and approved by them on 23rd February 2026.
REV K HARBISON Trustee
## Rarer € terol Ser
1. The use of all the funds is restricted in accordance with the terms of the Trust Deed.
;
## NOTES TO THE FOREGOING ACCOUNTS
2. No remuneration has been paid to any trustee or to any person connected to a trustee.
3. No expenses have been paid to any trustee
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF JOHN KERR'S TRUST FOR ST GEORGE'S NORTH CHURCH
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I report on the accounts of John Kerr's Trust for St George's North Church for the year ended 3 Ist August 2025.
## Respective Responsibilities of the Trustees and Examiner
The Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Trustees consider that the audit requirement of Regulation 10(1)(d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## Basis of Independent Examiner’s Statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration ofany unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## Independent Examiner’s Statement
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
- to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations.
have not been met, or
- 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Morag E Love
Chartered Accountant ~
10th February 2026
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